The pound rose to the day’s highs on Thursday after data showing that UK retail sales outstripped forecasts in May as good weather and the Royal Wedding boosted consumer spending.

GBP/USD was up 0.49% to 1.3442 by 05:03 AM ET (09:03 AM GMT), from around 1.3396 ahead of the report.

UK retail sales jumped by a far larger-than-expected 1.3% in May, the Office for National Statistics said, while the figure for the previous month was revised up show a 1.8% increase.